The Euro finds itself at a decisive spot, sitting squarely at assist guiding the upswing over the previous three months. A break under it and the 1.1069-1.1104 congestion space would counsel the dominant downtrend has been resumed. The primary layer of assist thereafter strains up within the 1.0968-90 zone, adopted by the October 1 swing low at 1.0879.

The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.